Responsibilities
Key job roles include:
Financial Management:
Preparing and analyzing financial statements.
Monitoring cash flow and working capital.
Managing budgets and forecasts.
Tracking revenue from rooms, food and beverage sales, events, and other services.
Cost Control:
Monitoring operational costs such as food, beverages, utilities, payroll, and maintenance.
Conducting cost analyses to improve profitability.
Identifying areas of waste, theft, or inefficiency.
Establishing cost-control procedures.
Budgeting and Forecasting:
Developing annual budgets.
Forecasting occupancy rates, sales, and expenses.
Comparing actual performance against budget targets.
Advising management on financial planning.
Financial Reporting:
Producing monthly, quarterly, and annual financial reports.
Presenting financial performance to management and owners.
Providing key performance indicators (KPIs) such as:
Revenue per Available Room (RevPAR)
Average Daily Rate (ADR)
Food Cost Percentage
Labor Cost Percentage
Tax Compliance:
Preparing and filing tax returns.
Ensuring compliance with local tax regulations.
Managing VAT, withholding taxes, and corporate taxes where applicable.
Advising on tax-efficient business practices.
Internal Controls and Auditing:
Designing and monitoring internal control systems.
Conducting internal audits.
Ensuring accurate recording of transactions.
Preventing fraud and financial irregularities.
Accounts Payable and Receivable Management:
Managing supplier payments.
Monitoring guest and corporate customer receivables.
Reconciling accounts.
Maintaining healthy cash collection processes.
Payroll Management:
Overseeing payroll calculations and payments.
Ensuring statutory deductions are correctly processed.
Monitoring labor costs, which are a major expense in hospitality businesses.
Strategic Decision Support:
Advising management on investments and expansion projects.
Evaluating the financial viability of new services or facilities.
Supporting pricing strategies and profitability improvement initiatives.
Regulatory Compliance:
Ensuring compliance with accounting standards and industry regulations.
Coordinating external audits.
Maintaining proper financial records for inspections and audits.
Requirements
Chartered Accountant qualification (ICAN, ACCA, ACA, or equivalent)
Minimum of 3 years' experience in accounting and finance
At least 3 years' experience working in the hospitality industry (hotel, resort, restaurant, or related sector)
Strong knowledge of financial reporting, budgeting, and forecasting
Experience with tax compliance, payroll management, and statutory reporting
Proficiency in accounting software and Microsoft Excel
Excellent analytical, communication, and problem-solving skills
High level of integrity, professionalism, and attention to detail